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Archive for Wednesday, May 7, 2008

Couple claims $180M Powerball jackpot

May 7, 2008

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— Paul and Sue Rosenau say they already have everything they need, so their lives won't change that much after winning a $180.1 million Powerball jackpot.

"We realize that money is probably not as important as friendship and helping others. And that's what we hope to do with it," Paul Rosenau said at a news conference Tuesday when they accepted a ceremonial check.

Rosenau, 54, is a heavy equipment operator and his wife, Sue, works at an agricultural research institute. The couple from Waseca will take the prize from last Saturday's drawing in a lump-sum of $59.6 million after taxes.

Comments

KSChick1 6 years, 3 months ago

You should not take the lump sum unless you know you're not going to live long enough to see it paid out. I agree with Setting....

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Confrontation 6 years, 3 months ago

Yes, the Rosenau's are such big fools! Fools who are $59.6 million richer.

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SettingTheRecordStraight 6 years, 3 months ago

So the Rosenau's take home $59.6 million and the government gets $120.5 million. The lottery is for fools.

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shorttrees 6 years, 3 months ago

The lump sum amount was about 90 million; usually it's around half the annuity total amount (the 180 mill). So actually the government took 28% off the top, and the state of Wisconsin took their small percentage (would've been 5% in KS) off the lump sum amount. That left just under $60 mill, and there will be another $15 million or so in taxes and SS/FICA, etc. due to the IRS and State next 4/15. Leaves them about $45 M after deductions, not including lawyers, accountants, tax advisers and all. If they'd been smart they would've waited awhile longer to collect, funneled it into an LLC or trust, and then NOT had to have their names announced to the world of scammers and opportunists.

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